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IT Home reported on July 22 that according to a report by The Korea Times on July 19, at the 47th KCCI Jeju Forum last Friday, Choi Tae-won, chairman of South Korea's SK Group and president of the Korea Chamber of Commerce, expressed new views on AI.

Chey warned that Nvidia could lose its dominant position within a few years if the AI ​​technology industry fails to ensure sufficient profitability.

Chey Tae-won compared the recent AI boom to the gold rush in the United States in the 19th centuryNvidia is expected to maintain its lead for at least the next three years, just as pickaxes and jeans used for mining are hot sales. However, when there is no more gold, pickaxes will not sell.

“Without money to make, the AI ​​boom could fade away, just as the gold rush did。”

Chey also pointed out that Microsoft, Google and Amazon all produce their own chips and may stop using Nvidia's products after weighing the pros and cons.If AMD, Arm, and Nvidia's other competitors sell high-quality chips at lower prices, Nvidia's business model could collapse。”

It is worth mentioning that Choi Tae-won went to the United States a few weeks ago to meet with the heads of Amazon, Intel, Microsoft and OpenAI. In April this year, he also met with Nvidia CEO Huang Renxun.

As the AI ​​craze sweeps the world, Nvidia's stock price has also been rising steadily. As of the time of writing this article by IT Home, Nvidia's total market value has reached US$2.9 trillion (currently approximately RMB 21.11 trillion).